2. Buyers bank shall initiate communication through Buyer's Account officer to Sellers Account officer emails (not necessarily swift) to say "according to the terms of the Contract, the Buyer is expecting 2%PB from Seller after which Buyer will place his MT760 SBLC on total cargo

3. Within 72hours of this communication from Buyer's bank, Sellers bank will release the 2%PB.

4. Within 48-72hrs of receiving the 2%PB, the MT760 SBLC shall be released by Buyer's bank on total cargo.

5. Seller loads cargo and sends POP and ETA/NOR to Buyer and his Port of Delivery.

6. Upon arrival of cargo at the POD, loaded vessel Captain issues MATB to Buyers Inspectors to conduct Q and Q.

7. Within 48 hours of QQ, and releasing of such to Buyer, his bank and sellers bank, Buyer releases MT103/23 and cargo is discharged immediately.

8. Within 24 hours of discharge, full payment is made to all.

So as stated at above is the procedure Seller is ready to do now for

both CIF and TTO respectively.

N/B: Every CIF and TTO is a full instrument. When a buyer wants a 2%pb, Buyer must place full instrument for the entire cargo. So yes 2%pb will be posted within 72 hours and Buyer has to post full MT760 SBLC within 72 hours.